LHX vs. WTS: L3Harris vs. Watts Water Stock Comparison

November 11, 2026

How do L3Harris (LHX) and Watts Water (WTS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

L3Harris (LHX) and Watts Water (WTS) both fall under the Capital Goods industry group, but LHX is classified in Aerospace & Defense while WTS is classified in Machinery.

Company profile comparison for L3Harris (LHX) and Watts Water (WTS)
Profile Item	LHX	WTS
Name	L3Harris Technologies, Inc.	Watts Water Technologies, Inc. Class A Common Stock
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Machinery
GICS Sub-Industry	Aerospace & Defense	Industrial Machinery & Supplies & Components
Market Capitalization	48.39 billion USD	11.55 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 31, 1981	August 21, 1986
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LHX

WTS

GSPC

L3Harris (LHX) vs. Watts Water (WTS), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for L3Harris (LHX) and Watts Water (WTS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for L3Harris (LHX) and Watts Water (WTS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for L3Harris (LHX) and Watts Water (WTS)
Metric	LHX	WTS
Total Return (1Y)	-5.21%	33.85%
Total Return (3Y, Annualized)	16.68%	25.59%
Total Return (5Y, Annualized)	5.91%	12.56%

Risk Profile

Drawdown History

LHX

WTS

GSPC

L3Harris (LHX) vs. Watts Water (WTS), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for L3Harris (LHX) and Watts Water (WTS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for L3Harris (LHX) and Watts Water (WTS)
Metric	LHX	WTS
Volatility (1Y, Annualized)	29.75%	27.38%
Beta (5Y)	0.46	1.11
Max Drawdown (5Y)	-38.16%	-44.08%
Avg. Volume (3M)	1.70M	225.08K

Risk-Adjusted Performance

Risk-Return Positioning

LHX and WTS are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for L3Harris (LHX) and Watts Water (WTS)
Metric	LHX	WTS
Sharpe Ratio (1Y)	-0.32	1.08
Sortino Ratio (1Y)	-0.45	1.78

Profitability

ROE (TTM)

Watts Water (WTS) at 20.91% sits in the top ROE quartile, while L3Harris (LHX) at 10.03% is closer to the peer norm — stronger capital efficiency for WTS.

LHX

Capital Goods industry group

10.03%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
LHX: 10.03%
Q1: 4.08%
Min: -17.12%

WTS

Capital Goods industry group

20.91%

Max: 40.55%
WTS: 20.91%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

L3Harris (LHX) vs. Watts Water (WTS): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Watts Water (WTS) at 16.00% retains a top-quartile share of revenue as profit, ahead of L3Harris (LHX) at 8.76%, which keeps about the industry-typical share.

LHX

Capital Goods industry group

8.76%

Max: 27.47%
Q3: 12.10%
LHX: 8.76%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

WTS

Capital Goods industry group

16.00%

Max: 27.47%
WTS: 16.00%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

L3Harris (LHX) vs. Watts Water (WTS): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Watts Water (WTS) at 20.85% operates in the top operating margin quartile, ahead of L3Harris (LHX) at 14.34%, which runs around its industry’s norm.

LHX

Capital Goods industry group

14.34%

Max: 36.60%
Q3: 18.33%
LHX: 14.34%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

WTS

Capital Goods industry group

20.85%

Max: 36.60%
WTS: 20.85%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

L3Harris (LHX) vs. Watts Water (WTS): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for L3Harris (LHX) and Watts Water (WTS)
Metric	LHX	WTS
ROE (TTM)	10.03%	20.91%
ROA (TTM)	4.56%	12.05%
Net Margin (TTM)	8.76%	16.00%
Operating Margin (TTM)	14.34%	20.85%
Gross Margin (TTM)	25.55%	49.09%

Growth

Revenue Growth

Both L3Harris (LHX) at 2.53% and Watts Water (WTS) at 8.27% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

L3Harris (LHX) vs. Watts Water (WTS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both L3Harris (LHX) at 8.39% and Watts Water (WTS) at 17.03% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

L3Harris (LHX) vs. Watts Water (WTS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for L3Harris (LHX) and Watts Water (WTS)
Metric	LHX	WTS
Revenue Growth (YoY)	2.53%	8.27%
Revenue Growth (3Y CAGR)	8.62%	7.20%
EPS Growth (YoY)	8.39%	17.03%
EPS Growth (3Y CAGR)	15.82%	10.78%

Financial Strength

Current Ratio (MRQ)

Watts Water (WTS) at 2.80 keeps current ratio within its industry’s typical mid-range, while L3Harris (LHX) at 1.20 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for LHX.

LHX

Capital Goods industry group

1.20

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
LHX: 1.20
Min: 0.36

WTS

Capital Goods industry group

2.80

Max: 5.22
Q3: 2.95
WTS: 2.80
Median: 2.08
Q1: 1.43
Min: 0.36

L3Harris (LHX) vs. Watts Water (WTS): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Watts Water (WTS) at 0.08 keeps leverage in the lower industry quartile, while L3Harris (LHX) at 0.52 runs a more typical debt-to-equity mix.

LHX

Capital Goods industry group

0.52

Max: 2.33
Q3: 1.12
Median: 0.60
LHX: 0.52
Q1: 0.29
Min: 0.00

WTS

Capital Goods industry group

0.08

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
WTS: 0.08
Min: 0.00

L3Harris (LHX) vs. Watts Water (WTS): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for L3Harris (LHX) and Watts Water (WTS)
Metric	LHX	WTS
Current Ratio (MRQ)	1.20	2.80
Debt / Equity (MRQ)	0.52	0.08
Net Debt / EBITDA	1.88	-0.40

Dividends

Dividend Yield (TTM)

L3Harris (LHX) at 1.92% delivers top-quartile income for its industry, while Watts Water (WTS) at 0.66% pays a more typical yield — both are credible income propositions, LHX the richer one.

LHX

Capital Goods industry group

1.92%

Max: 2.66%
LHX: 1.92%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

WTS

Capital Goods industry group

0.66%

Max: 2.66%
Q3: 1.14%
WTS: 0.66%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

L3Harris (LHX) vs. Watts Water (WTS): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Watts Water (WTS) at 17.24% pays out a band-typical share of earnings, while L3Harris (LHX) at 46.09% distributes more than its industry norm — less retained, thinner cover.

LHX

Capital Goods industry group

46.09%

Max: 67.39%
LHX: 46.09%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

WTS

Capital Goods industry group

17.24%

Max: 67.39%
Q3: 28.02%
WTS: 17.24%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

L3Harris (LHX) vs. Watts Water (WTS): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for L3Harris (LHX) and Watts Water (WTS)
Metric	LHX	WTS
Dividend Yield (TTM)	1.92%	0.66%
Dividend Payout Ratio (TTM)	46.09%	17.24%

Valuation

P/E Ratio (TTM)

Both L3Harris (LHX) at 24.20 and Watts Water (WTS) at 25.95 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

LHX

Capital Goods industry group

24.20

Max: 59.38
Q3: 35.92
Median: 25.41
LHX: 24.20
Q1: 19.47
Min: 3.03

WTS

Capital Goods industry group

25.95

Max: 59.38
Q3: 35.92
WTS: 25.95
Median: 25.41
Q1: 19.47
Min: 3.03

L3Harris (LHX) vs. Watts Water (WTS): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

L3Harris (LHX) at 2.07 is priced about in line with its industry on P/S ratio, while Watts Water (WTS) at 4.14 sits in the pricier quartile — WTS costs more per dollar of sales.

LHX

Capital Goods industry group

2.07

Max: 7.54
Q3: 3.76
Median: 2.15
LHX: 2.07
Q1: 1.03
Min: 0.03

WTS

Capital Goods industry group

4.14

Max: 7.54
WTS: 4.14
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

L3Harris (LHX) vs. Watts Water (WTS): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both L3Harris (LHX) at 2.39 and Watts Water (WTS) at 4.98 are valued close to their industries’ norm against book — neither stands out from peers.

LHX

Capital Goods industry group

2.39

Max: 9.66
Q3: 5.00
Median: 3.12
LHX: 2.39
Q1: 1.81
Min: -1.08

WTS

Capital Goods industry group

4.98

Max: 9.66
Q3: 5.00
WTS: 4.98
Median: 3.12
Q1: 1.81
Min: -1.08

L3Harris (LHX) vs. Watts Water (WTS): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for L3Harris (LHX) and Watts Water (WTS)
Metric	LHX	WTS
P/E Ratio (TTM)	24.20	25.95
P/S Ratio (TTM)	2.07	4.14
P/B Ratio (MRQ)	2.39	4.98
Free Cash Flow Yield (TTM)	7.09%	2.21%